#Denmark #RSUs #Hellerup #TORM plc #Incentive Program

TORM plc Enhances Employee Rewards with RSUs

On April 11, 2025, TORM plc, a leader in the transportation of refined oil products, made significant updates to its employee reward programs. Following the exercise of over 365,000 original Restricted Stock Units (RSUs) initiated in the 2022 Long Term Incentive Program and the 2023 Retention Program, the Board of Directors has decided to issue additional RSUs to certain employees. This adjustment comes as a response to dividend payments made since the initial grant dates.

Grant of New Adjustment RSUs

The Board announced the allocation of 148,027 adjustment RSUs in the format of restricted stock options. This new round of RSUs will be under the same exercise window as those previously granted, and they are set at a strike price of one U.S. cent. Notably, these adjustment RSUs will not be eligible for further dividend modifications after issuance, establishing a clear, fixed framework for their value and use.

Additionally, Executive Director Jacob Meldgaard is set to receive a portion of these adjustment RSUs. Following the exercise of 85,067 original RSUs from 2022, he will be granted 33,559 RSUs, reinforcing TORM's commitment to recognizing and rewarding key contributions from its leadership.

What This Means for TORM and Employees

The issuance of these RSUs signals TORM's strategic focus on employee retention and motivation amidst an evolving market landscape. With the energy and maritime industries facing various internal and external pressures, retaining top talent is crucial for operational success and competitiveness. The structure of these RSUs allows employees to align their interests with the company’s performance, fostering a sense of shared success and sustainability.

TORM's approach is also vital considering the potential fluctuations in the markets for shipping and oil products, where competition and external factors like geopolitical events can substantially impact business operations. By incentivizing employees through RSUs, TORM is not only providing immediate rewards but also fostering long-term loyalty and commitment to company goals.

About TORM plc

TORM has a rich history, founded in 1889 and establishing itself as one of the foremost carriers of refined oil products globally. Its fleet is recognized for a robust commitment to environmental responsibility, safety, and customer service, operating under both the Nasdaq Copenhagen and Nasdaq New York listings. For further insights into their operational strategies and market positioning, one can explore TORM's initiatives at their official website: www.torm.com.

Looking Ahead

As TORM continues to adapt to the challenges of modern shipping and global trade, programs like the Long Term Incentive Program play a pivotal role in driving employee engagement and aligning workforce efforts with broader corporate objectives. The company's adaptability in the face of uncertainty from global crises, economic shifts, or industry changes will likely dictate its growth trajectory in the years to come.

In conclusion, TORM's issuance of adjustment RSUs not only represents a practical step towards enhancing workforce morale but reinforces a forward-thinking approach in a rapidly changing commercial landscape.